This page reflects SSRM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — SSRM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $28.00 (2.74 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$4.40
±14.3%
Days to Expiry
29
Calendar days
Total Call OI
16,791
Nearest expiry
Total Put OI
8,642
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$30.74
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$28.00
4/17/2026, 11:30:30 PM
2026-05-15
$29.00
5/15/2026, 11:36:12 PM
2026-06-18NextUpdated
$28.00
5/20/2026, 11:34:10 PM
2026-07-17
$30.00
5/20/2026, 11:34:10 PM
2026-09-18
$26.00
5/20/2026, 11:34:10 PM
2026-12-18
$28.00
5/20/2026, 11:34:10 PM
2027-01-15
$20.00
5/20/2026, 11:34:10 PM
Selected expiration: 2026-06-18 at max pain $28.00.
SSRM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
13226700
13226700
13
1800
10648800
10650600
14
2400
9799500
9801900
15
3000
8950200
8953200
16
3600
8145600
8149200
17
15100
7383800
7398900
18
29200
6630600
6659800
19
57200
5877400
5934600
20
91000
5130100
5221100
21
138400
4481800
4620200
22
196200
3916300
4112500
23
272100
3372800
3644900
24
369900
2855000
3224900
25
489800
2361600
2851400
26
668300
1924400
2592700
27
863000
1508100
2371100
28
1077000
1154600
2231600
29
1552500
847500
2400000
30
2048900
606800
2655700
31
2722700
393700
3116400
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.